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This is the law; it's not Brave's design. Our design enables you to opt-in, earn, and give to content creators without having to provide any information. The la
by jonathansampson 5y ago
This is the law; it's not Brave's design. Our design enables you to opt-in, earn, and give to content creators without having to provide any information. The law, however, requires and compels Brave to add KYC into the mix when you wish to self-fund or cash out. Anti-money laundering is not something we can or would circumvent.
- bhearsum2 5y agoYou could still the user of this during onboarding, or before the start seeing any BAT ads.
- minsc__and__boo 5y agoSeems like a pretty important piece of information to share with potential users up front though, for something marketing itself with a privacy focus.
- BrendanEich 5y agoNo, because KYC is not mandatory to use rewards and anonymously contribute to your favorite sites and channels. Only if you want to add funds or take out some or all of your revshare is it required. It's not required by default, which is why it should not be advertised as if mandatory. HTH
- minsc__and__boo 5y ago>KYC is not mandatory... except when you want to add or take out funds. This is Brave's own cryptocurrency that they use to sell their privacy-based browser. It's an important distinction.
- deleted 5y ago[deleted]
- unityByFreedom 5y agoLol. This is like Tesla saying regulations prevent them from releasing full self driving. Don't advertise something you can't deliver.
- jonathansampson 5y agoWe deliver exactly what we advertise; users can enjoy the default ad-free experience, or opt-in, earn, and support content creators across the Web. Nowhere in our marketing or elsewhere do we suggest you can anonymously receive cash from companies like Amazon, Twitch, Walmart, etc.
- unityByFreedom 5y agoYou don't have the ability to offer private money collection and your advertising should reflect that.
- CRConrad 5y agoHe just said they don't advertise the ability to offer private money collection. Are you claiming they do? If not, then it would seem their advertising already correctly reflects this fact.
- unityByFreedom 5y agoThey claim to be a privacy focused browser that can pay users via cryptocurrency. Yet there is no point to pay via cryptocurrency when there is no privacy for receiving it.
- CRConrad 5y agoAs I understood it, they claim to be a privacy focused browser that distributes some sort of currency-like tokens to users, which the users can then distribute to websites they want to reward, or optionally pay out as cryptocurrency to recipients that may (or may not?) be identical with the users themselves. That this optional payout requires identification seems to be A) a legal requirement, and B) an implementation detail of second-rank importance in the grand scheme of things. Feels far-fetched to get one's knickers in a bunch over stuff like that not being at the forefront of their marketing.
- RhodoGSA 5y agoThis is false. it is not a law. KYC is required for 3k+ and only in select countries. Brave is international.